Andrew approved the belowDrilling at Nhacutsehas identified infill and expansion drilling that needs to be funded as apriority. The company would want to prove up its stated goal of 100mt+ at bestgrade resource and we are now comfortable of that potential withinKoko/Nhacuste/Poiombo. We will now drill this expanded program while startingexploration at Marao.
Given ourexpectation of Auger drilling at Marao, which is due to start soon, the companywants to be in a position to commit to an aircore program as soon as Augerdrilling identifies targets.
Plenty of news flowto come. A cap raise now will fund the above and MRE works through to Q2 2022.
Add to that thesignificant rise in Ilmenite concentrate pricing, a well funded junior in theHMS space with tail winds for the first time in many years and an activeprogram of exploration and development …………….could be good for shareholderswith 2021 being a potential re-rate year.
Andrew approved the belowDrilling at Nhacutsehas identified...
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Last
0.4¢ |
Change
-0.001(11.1%) |
Mkt cap ! $11.36M | |||
| Open | High | Low | Value | Volume |
| 0.5¢ | 0.5¢ | 0.4¢ | $29.26K | 6.381M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 31 | 44618611 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 11214907 | 17 |
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| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| MRQ (ASX) Chart |